v3.26.1
FAIR VALUE - Schedule of Changes in Fair Value of Level III Measurements (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Consolidated Funds         
Net Assets        
Balance, beginning of period $ 3,681,048 $ 2,425,150 $ 3,636,850 $ 2,421,898
Transfer in 24,897 85,051 139,004 167,530
Transfer out (112,758) (78,800) (559,966) (151,064)
Purchases 221,569 287,235 572,515 535,501
Sales/settlements (54,611) (286,075) (130,809) (553,909)
Realized and unrealized appreciation (depreciation), net 79,931 72,111 182,482 84,716
Balance, end of period 3,840,076 2,504,672 3,840,076 2,504,672
Change in net unrealized appreciation/(depreciation) included in earnings related to financial assets and liabilities still held at the reporting date $ 80,706 $ 69,244 $ 189,965 84,610
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Gain (Loss) on Investments Gain (Loss) on Investments Gain (Loss) on Investments  
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Gain (Loss) on Investments Gain (Loss) on Investments Gain (Loss) on Investments  
Net Liabilities        
Balance, beginning of period   $ (749) $ (114) (1,846)
Transfers in   0 0 0
Transfer out   0 0 0
Purchases   1 0 124
Sales/settlements   0 (468) 0
Realized and unrealized appreciation (depreciation), net   28 582 1,002
Balance, ending of period $ 0 (720) 0 (720)
Change in net unrealized appreciation/(depreciation) included in earnings related to financial assets and liabilities still held at the reporting date   92 0 $ 973
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]       Gain (Loss) on Investments
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]       Gain (Loss) on Investments
Equity securities | Consolidated Funds         
Net Assets        
Balance, beginning of period 3,414,814 1,844,907 3,003,449 $ 1,829,927
Transfer in 0 0 0 1
Transfer out 0 0 (3,326) 0
Purchases 180,000 90,043 483,224 90,327
Sales/settlements 0 (29) (4,234) (118)
Realized and unrealized appreciation (depreciation), net 81,429 69,422 197,130 84,206
Balance, end of period 3,676,243 2,004,343 3,676,243 2,004,343
Change in net unrealized appreciation/(depreciation) included in earnings related to financial assets and liabilities still held at the reporting date 81,429 69,396 195,735 $ 84,510
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]       Gain (Loss) on Investments
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]       Gain (Loss) on Investments
Fixed Income | Consolidated Funds         
Net Assets        
Balance, beginning of period 266,169 580,992 633,515 $ 593,817
Transfer in 24,897 85,051 139,004 167,529
Transfer out (112,758) (78,800) (556,640) (151,064)
Purchases 41,569 197,191 89,291 445,050
Sales/settlements (54,493) (286,046) (126,107) (553,791)
Realized and unrealized appreciation (depreciation), net (1,551) 2,661 (15,230) (492)
Balance, end of period 163,833 501,049 163,833 501,049
Change in net unrealized appreciation/(depreciation) included in earnings related to financial assets and liabilities still held at the reporting date (723) (244) (5,770) $ (873)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]       Gain (Loss) on Investments
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]       Gain (Loss) on Investments
Derivatives, Net | Consolidated Funds         
Net Assets        
Balance, beginning of period 65      
Transfer in 0      
Transfer out 0      
Purchases 0      
Sales/settlements (118)      
Realized and unrealized appreciation (depreciation), net 53      
Balance, end of period 0   0  
Change in net unrealized appreciation/(depreciation) included in earnings related to financial assets and liabilities still held at the reporting date 0      
Ares Management L.P        
Net Assets        
Balance, beginning of period       $ 435,462
Transfer in   10,004 209 10,004
Transfer out (434,622) (10,000) (468,866) (10,000)
Purchases 2,687 35,641 2,737 47,717
Sales/settlements (7,555) (14,780) (8,255) (38,437)
Change in fair value (13,760)      
Realized and unrealized appreciation (depreciation), net 3,684 5,945 3,270 9,553
Change in net unrealized appreciation/(depreciation) included in earnings related to financial assets and liabilities still held at the reporting date (55,117) (19,058) (66,119) (17,101)
Net Liabilities        
Balance, beginning of period (65,393) (39,915) (15,311)  
Established in connection with acquisition (see Note 7)     (713) (465,080)
Change in fair value   (25,536) (28,030) (27,860)
Balance, ending of period (514,959) (38,641) (514,959) (38,641)
Ares Management L.P | Contingent Consideration        
Net Liabilities        
Balance, beginning of period (780,353) (484,954) (765,370) (17,550)
Established in connection with acquisition (see Note 7)     (713) (465,080)
Transfers in   0 0 0
Transfer out 0 0 0 0
Purchases 0 0 0 0
Sales/settlements 323 0 323 0
Change in fair value (13,760) (25,536) (28,030) (27,860)
Realized and unrealized appreciation (depreciation), net 0 0 0 0
Balance, ending of period (793,790) (510,490) (793,790) (510,490)
Change in net unrealized appreciation/(depreciation) included in earnings related to financial assets and liabilities still held at the reporting date (13,760) (25,536) (28,030) (27,860)
Ares Management L.P | Equity securities        
Net Assets        
Balance, beginning of period 692,147 426,377 725,590 411,179
Established in connection with acquisition (see Note 7)     0 0
Transfer in   0 0 0
Transfer out (434,622) (10,000) (468,866) (10,000)
Purchases 1,766 0 1,816 10,546
Sales/settlements 0 0 0 0
Change in fair value 0 0 0 0
Realized and unrealized appreciation (depreciation), net 1,969 5,061 2,720 9,713
Balance, end of period 261,260 421,438 261,260 421,438
Change in net unrealized appreciation/(depreciation) included in earnings related to financial assets and liabilities still held at the reporting date (42,687) 5,061 (38,222) 9,713
Ares Management L.P | Fixed Income        
Net Assets        
Balance, beginning of period 22,813 18,662 24,469 41,833
Established in connection with acquisition (see Note 7)     0 0
Transfer in   10,004 209 10,004
Transfer out 0 0 0 0
Purchases 921 35,641 921 37,171
Sales/settlements (7,878) (14,780) (8,578) (38,437)
Change in fair value 0 0 0 0
Realized and unrealized appreciation (depreciation), net 1,715 884 550 (160)
Balance, end of period 17,571 50,411 17,571 50,411
Change in net unrealized appreciation/(depreciation) included in earnings related to financial assets and liabilities still held at the reporting date $ 1,330 $ 1,417 $ 133 $ 1,046